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) By unit of work. This type of salary is also known as wages paid by the job and iscalculated in function of the results of the work;c) By commission. This type of salary is fixed according to a percentage of the sale priceor by fixed rate for unit sold;d) Lump-sum price. This type of salary is set when the services of a person are used forbuilding or constructing a work, paying a total amount for it.Finally, and as has already been mentioned, the LFT provides for a minimum wage that“is the lowest amount that a worker can receive in cash for the services provided in awork day.” The minimum wage is classified as follows:a) General minimum wage. The wage applicable to one or more geographic areas thatcan extend to one or more states. In Mexico there are three geographic areas (A, Band C), each one with a different minimum wage, based on the cost of living of thestates included in each area;b) Professional minimum wage. The wage applicable to a particular branch of economicactivity or for professions, trades, or special jobs within one or more geographicareas.1.8.2.2. Employee profit sharingWorkers, in addition to the salary they receive, are entitled to receive a portion of theprofits received by the employer. However, article 126 of the LFT establishes that the followingare exempt from the profit-sharing obligation:a) Newly created companies, during their first year of operations;b) Newly created companies engaging in the production of a new product, duringthe first two years of operations. The determination of novelty of the product isbased on the laws to promote new industries. The reason lawmakers establishedthis period is that generally a newly created product represents a risk for the companyand often it requires a significant investment to successfully launch a productinto the market. It is important to note that the merger, transfer, or change ofcorporate name of the company does not imply it is newly created;c) Newly created extractive industries, during the exploration period;d) Private assistance institutions recognized by law that with private goods engagein non-profit humanitarian assistance without designating the beneficiaries individually;e) The Mexican Social Security Institute (Instituto Mexicano del Seguro Social, IMSS) andthe public decentralized institutions with cultural, assistance, or charity purposes;f) Companies that have less capital than the amount set by the Ministry of Labor andSocial Welfare (Secretaría del Trabajo y Previsión Social, STPS) for branches of theindustry, following a consultation with the Ministry of Economy (Secretaría de83Labor Law